Jute Crisis: TMC MP Urges PM Intervention
By Rediff Money Desk, Kolkata Aug 01, 2024 12:50
TMC MP Sukhendu Sekhar Ray urges PM Modi to intervene in the jute crisis, citing plummeting prices, inadequate procurement, and industry apathy. The crisis affects lakhs of farmers and mill workers.
Kolkata, Aug 1 (PTI) Trinamool Congress MP Sukhendu Sekhar Ray has urged Prime Minister Narendra Modi to intervene in the crisis gripping the jute sector, which is affecting lakhs of farmers, mill workers and other stakeholders.
In a letter to the PM, Ray highlighted the plummeting raw jute prices, which have fallen below the Minimum Support Price (MSP), causing financial distress to farmers.
He claimed that inadequate government procurement of B Twill bags (a type of sack), non-compliance by the sugar industry with mandatory jute packaging norms and the apathy of the Ministry of Textiles are reasons for the crisis in the sector.
Ray urged Modi to intervene in those issues to save various stakeholders of the jute sector.
An estimated 4 crore farmers and 3.5 lakh jute mill workers in the country, mostly in West Bengal, are dependent on the industry.
The Rajya Sabha MP stressed the need for timely intervention which, he said, is crucial to stabilise the market, secure livelihoods and maintain the operational capacity of jute mills.
In his letter written on Wednesday, Ray warned that the welfare of thousands of jute mill workers and farmers, as well as the integrity and stability of the jute industry, depends on the PM's prompt action.
The Indian Jute Mills Association (IJMA) has also highlighted several pressing issues at the 32nd Standing Advisory Committee (SAC) meeting in New Delhi on Tuesday.
"The jute industry is operating at 55 per cent capacity, affecting over 50,000 workers. The demand for jute bags is projected to drop to 30 lakh bales for 2024-25," IJMA Deputy Chairman Rishav Kajaria said.
In a letter to the PM, Ray highlighted the plummeting raw jute prices, which have fallen below the Minimum Support Price (MSP), causing financial distress to farmers.
He claimed that inadequate government procurement of B Twill bags (a type of sack), non-compliance by the sugar industry with mandatory jute packaging norms and the apathy of the Ministry of Textiles are reasons for the crisis in the sector.
Ray urged Modi to intervene in those issues to save various stakeholders of the jute sector.
An estimated 4 crore farmers and 3.5 lakh jute mill workers in the country, mostly in West Bengal, are dependent on the industry.
The Rajya Sabha MP stressed the need for timely intervention which, he said, is crucial to stabilise the market, secure livelihoods and maintain the operational capacity of jute mills.
In his letter written on Wednesday, Ray warned that the welfare of thousands of jute mill workers and farmers, as well as the integrity and stability of the jute industry, depends on the PM's prompt action.
The Indian Jute Mills Association (IJMA) has also highlighted several pressing issues at the 32nd Standing Advisory Committee (SAC) meeting in New Delhi on Tuesday.
"The jute industry is operating at 55 per cent capacity, affecting over 50,000 workers. The demand for jute bags is projected to drop to 30 lakh bales for 2024-25," IJMA Deputy Chairman Rishav Kajaria said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.11 ( -7.04)
- 53260245
- G V Films
- 0.89 ( -5.32)
- 32003777
- Srestha Finvest
- 0.93 (+ 4.49)
- 25940368
- Spicejet Ltd.
- 59.28 ( -5.59)
- 17446728
- Gennex Laboratories
- 21.97 (+ 1.15)
- 15195819
MORE NEWS
Mylan Settles Patent Suit with Novo Nordisk...
Mylan Pharmaceuticals Inc. and Novo Nordisk have reached a settlement in the US over a...
India-UAE Investment Treaty in Effect: Key...
India and UAE's Bilateral Investment Treaty (BIT) came into effect on August 31, 2024,...
Sensex, Nifty Rise in Early Trade: Global...
Indian stock markets rebounded in early trade on Monday, mirroring a global rally....